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by orlandob 4468 days ago
What is Money? can be broken down into: How is Money used? and How is Money created?

How Money is used is virtually the same for everyone:"medium of exchange, store of value, and unit of account".

How Money is created is more interesting. It is essentially created by fiat, which undermines the general belief that the quantity and value of money are closely associated with the amount of economic goods and services in the consumer economy, and it is not.